Keefe, Bruyette & Woods Raises Capital Bancorp (NASDAQ:CBNK) Price Target to $27.00

Capital Bancorp (NASDAQ:CBNK) had its price target increased by investment analysts at Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 6.17% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Stephens raised shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $25.00 to $28.00 in a research report on Monday, April 1st. Hovde Group decreased their target price on shares of Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd.

Capital Bancorp Price Performance

Shares of CBNK stock opened at $25.43 on Tuesday. The company’s 50-day simple moving average is $20.66 and its two-hundred day simple moving average is $20.76. Capital Bancorp has a one year low of $18.56 and a one year high of $25.72. The company has a market capitalization of $353.22 million, a P/E ratio of 10.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, July 22nd. The financial services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Capital Bancorp had a net margin of 15.35% and a return on equity of 13.54%. The firm had revenue of $57.51 million for the quarter, compared to analysts’ expectations of $42.70 million. As a group, equities analysts anticipate that Capital Bancorp will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Capital Bancorp

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Capital Bancorp in the 4th quarter valued at $125,000. Wedge Capital Management L L P NC boosted its holdings in shares of Capital Bancorp by 35.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 111,328 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 29,147 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Capital Bancorp by 28.6% in the 4th quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock valued at $77,000 after buying an additional 708 shares in the last quarter. AJOVista LLC acquired a new position in shares of Capital Bancorp in the 4th quarter valued at $33,000. Finally, Comerica Bank boosted its stake in Capital Bancorp by 41.3% during the 4th quarter. Comerica Bank now owns 49,356 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 14,427 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.